Hutchinson Industriesbenefits

Hutchinson Industries's benefits plans covered 267 active participants in 2024, providing health · life · dental · long-term disability · death benefits · other. Insurance premiums totaled $144,178. Insurance brokers and agents were paid $122,267 in commissions and fees, costs that ultimately come out of what the employer and employees pay for coverage. That works out to 84.8% of premiums. That is $458 per covered person, in the top quarter of employer plans that report broker pay. Broker pay rose 8.8% from $112,414 in 2023.